Monthly Archives: October 2013

Creating Item Records in QuickBooks Online

You can do this on the fly, but it’s a good idea to build item records before you start entering transactions. It’s hard to be patient when you’re first starting to use QuickBooks Online. You undoubtedly want to jump in … Continue reading

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Don’t get soaked by a wash sale

If you’re planning to adjust your investment portfolio by selling some losing stocks at year-end, take a minute to review the wash sale rules. A wash sale occurs when you sell a stock, bond, or mutual fund and buy the … Continue reading

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IRS issues tips for individuals selling their home

In a “2013 Summertime Tax Tip,” the IRS reminded taxpayers about the current rules on home sales. Here’s a quick review of those rules. Tax Free Home Sale The tax law allows the majority of taxpayers who sell their homes … Continue reading

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Using the Customer Center in QuickBooks Online

You’ll undoubtedly spend a lot of time working with customers in QuickBooks. Here’s how to use the Customer Center for related activities. QuickBooks Online, like its desktop counterparts, is designed exceptionally well, often offering more than one path to the … Continue reading

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Guide your children to financial maturity

Teaching your children about money and finances is easiest when you start early. Here’s a quick review of what you should teach your children at each age if you want them to become financially competent adults. Preschool – Skills to … Continue reading

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Back to school calls for an education review

As schools get back in session, it’s a good time to check the education tax breaks for which you might qualify. First, there’s the “American Opportunity Tax Credit” for a percentage of qualified expenses paid during the first four years … Continue reading

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The Affordable Health Care Act: The Major Changes for 2014

You won’t have to worry about the most significant one until 2015. When the Affordable Health Care Act became law in 2010, its impact was wisely spread out over several years. As an individual and a business, you’ve likely already … Continue reading

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